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3.6    The ratio of public debt service to exports for developing regions was 3.6 per cent in 2009.
 
Millennium Development Goal 8: Develop a global partnership for development
 

Target 8D: Deal comprehensively with the debt problems of developing countries through national and international measures in order to make debt sustainable in the long term

 

Indicator 8.12: Debt service as a percentage of exports of goods and services

 

A country’s external debt burden affects its
creditworthiness and vulnerability to economic shocks. Better debt management, the expansion of trade and, particularly for the poorest countries, substantial debt relief have reduced the burden of debt service.

Between 2000 and 2008, the average ratio of public debt service to exports for developing regions declined from 12.5 per cent to 3.4 per cent. In 2009, due to the global economic crisis, export earnings of developing countries declined by 21 per cent, while total public debt service remained at about the same level as in 2008. As a consequence, the ratio of public debt service to exports increased for all developing regions except Southern Asia, Western Asia and Oceania, with the overall average rising to 3.6 per cent. The impact was most pronounced for the small island developing States (SIDS) and the LDCs.


 

 

Source: The Millennium Development Goals Report 2011.

Reference: http://www.childinfo.org/files/MDGReport_2011_En.pdf, p. 62